FIND THE ERRORS AND PUT THE ADJUSTMENTS IN THE TEXT RESPONSE OF THIS ASSIGNMENT EXAMPLE: THE AVAILABLE CREDIT SAYS: ____________________ THE ACTUAL AMOUNT OF AVAILABLE CREDIT IS:___

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 22MC: You just posted a credit to Stars Inc. in the accounts receivable subsidiary ledger. Which special...
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    • FIND THE ERRORS AND PUT THE ADJUSTMENTS IN THE TEXT RESPONSE OF THIS ASSIGNMENT
  • EXAMPLE:
    • THE AVAILABLE CREDIT SAYS: ____________________
    • THE ACTUAL AMOUNT OF AVAILABLE CREDIT IS:_____________________
Credit Card Statement
CLAIRE recorded the following credit card transactions. See if the credit card statement below matches the transacations that CLAIRE recorded. What would a correct statement look like? Correct the statement if necessary. Beginning balance was
$1,000.00.
Name
CLAIRE
Credit Line
$11,000.00
Previous Balance
$1,000.00
TRANSACTION
NUMBER
56
57
58
59
60
61
62
63
64
PAYMENTS
MAR 2
PURCHASES
MAR 5
MAR 8
MAR 9
MAR 12
MAR 16
MAR 19
MAR 23
MAR 25
MAR 26
Payment
Riley's Candies
Mackenzie's Jewelery
Brianna's Gas and Electric
Jordan's Clothing Store
Noah's Candies
Elijah's Travel Agency
Emma's Candles
Chloe's Restaurant
Mackenzie's Toys and Gifts
DATE
MAR 2
MAR 5
MAR B
MAR 9
MAR 12
MAR 16
MAR 19
MAR 23
MAR 25
MAR 26
Account Number
1270 9864 1675 8895
Available Credit
$10.433.67
Purchases
$530,18
Payment
Riley's Candies
Mackenzie's Jewelery
Brianna's Gas and Electric
Jordan's Clothing Store
Noah's Candies
Elijah's Travel Agency
Emma's Candies
Chloe's Restaurant
Mackenzie's Toys and Gifts
Money Instructor Bank
CREDIT CARD STATEMENT
Statement Date
APR 28
New Balance
$530,18
Payments
$1.000.00
DESCRIPTION
$1,000.00
$165.83
$138.63
$21.81
$150.28
$16.23
$6.63
$37.66
$22.53
$6.73
Payment Due Date
MAY 10
Minimum Payment Due
$50.00
Finance Charge
$0.00
AMOUNT
1,000.00
165.83
138.63
21.81
150.28
16.23
6.63
3.72
22.53
6.52
Transcribed Image Text:Credit Card Statement CLAIRE recorded the following credit card transactions. See if the credit card statement below matches the transacations that CLAIRE recorded. What would a correct statement look like? Correct the statement if necessary. Beginning balance was $1,000.00. Name CLAIRE Credit Line $11,000.00 Previous Balance $1,000.00 TRANSACTION NUMBER 56 57 58 59 60 61 62 63 64 PAYMENTS MAR 2 PURCHASES MAR 5 MAR 8 MAR 9 MAR 12 MAR 16 MAR 19 MAR 23 MAR 25 MAR 26 Payment Riley's Candies Mackenzie's Jewelery Brianna's Gas and Electric Jordan's Clothing Store Noah's Candies Elijah's Travel Agency Emma's Candles Chloe's Restaurant Mackenzie's Toys and Gifts DATE MAR 2 MAR 5 MAR B MAR 9 MAR 12 MAR 16 MAR 19 MAR 23 MAR 25 MAR 26 Account Number 1270 9864 1675 8895 Available Credit $10.433.67 Purchases $530,18 Payment Riley's Candies Mackenzie's Jewelery Brianna's Gas and Electric Jordan's Clothing Store Noah's Candies Elijah's Travel Agency Emma's Candies Chloe's Restaurant Mackenzie's Toys and Gifts Money Instructor Bank CREDIT CARD STATEMENT Statement Date APR 28 New Balance $530,18 Payments $1.000.00 DESCRIPTION $1,000.00 $165.83 $138.63 $21.81 $150.28 $16.23 $6.63 $37.66 $22.53 $6.73 Payment Due Date MAY 10 Minimum Payment Due $50.00 Finance Charge $0.00 AMOUNT 1,000.00 165.83 138.63 21.81 150.28 16.23 6.63 3.72 22.53 6.52
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